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In Missouri, real residential property is assessed at 19% of its fair market value. If you’re paying $390 then the assessed value of house and land is $2,052.63. That is highly unlikely.
I've been checking out Tennessee, (too bad, they don't much like us NYers) and as I understand it, they tax property based on an average of around $2.50 (depending on the County) per $100, of 25%, of assessed value. So an older home with acreage, currently valued at $350K could have been assessed way back, at say $80K, (or even less for some of those older homes that were built around the day of the flood).
Doing the math, my example would be taxed at 25% of 80K, divided by $100 X $2.5, which comes out to $500.
That said, we get two separate tax bills for our Upstate NY property. One for the County Tax, and one for the School Tax. So our Missourian friend may find themselves with another bill for school taxes, which I doubt would be too considerable, in itself.
So I can easily believe that Missouri could have low taxes, too. It just seems incomprehensible to us LIers, because we pay out the nose for taxes on our homes...and for that matter, everything else.
Where are long islander's moving to? For the most part the people moving out of long island are: 1. People looking to retire to a slower pace of life. 2. Families that have children and are not financially strong enough to stay here. 3. Baby Boomers (largest segment of U.S. population, ages 50-60) who no longer want a large home with upkeep and costs, the kids have moved out. 4. Young Professionals & college (baby boomers kids 18-30) want social life and jobs in city or move away for college. For every person leaving someone else moves in- especially people who lived in NYC did well and want Long Island as a place to raise their family. LI has a stable population and some stay put and like where their at which is probably 70% of LI.
Where are they going? Some popular places have been:
1. Retirees: Coastal & South Florida, South & North Carolina.
2. Young Families: try Charlotte & Raleigh, NC, Hudson Valley-NY, CT in hopes of it being more affordable.
3. Baby Boomers: Eastern LI, Conn, Manhattan, coastal FL, SC, RI & Maine
4. Young professionals: New York City, Hoboken, NJ, Boston, DC, Miami.
There is NO seperate school tax bill. (Remember though that school districts are very different in small towns--they do not tax the same as in NY)
Yes, I laughed when I heard what I'd be paying here. I lived in New York City and Suffolk County my entire life, and KNOW the difference. My friends cannot believe it either. I have no reason to lie...I just found a good thing! (The only item not included here on our tax bill is trash pick up--which averages $20 per month if you chose to pay for it) I have always had an accountant, and we're well aware of the tax situation.
By the way, I still fly my New York Yankee flag proudly over my Missouri farm.
Low taxes are nice, as we in Manhattan pay the highest in the nation.
But gimme a break. I would never move to a place just because it has low taxes. I much prefer to pay lots of taxes and enjoy the capital of the world than living in redneck land.
No entertainment, no shops, no delis, no museums, no skyscrapers, nothing in walking distance. What is to do? Huntin' n' fishin'? Ouch.
No offense, though. If your husband works in Branson, then is convenient.
Manhattan-ite, you are correct. People often equate value with quality of life. There's a huge difference.
I used to live and work in the middle of nowhere; the east end of Long Island. It has great scenery, but after a month I was bored to tears. I now live in Queens, and couldnt be happier.
When I'm on the 7 train and we turn the curve toward Manhattan, I see that skyline; that alone is worth the added cost of living in NYC.
Wow, your whole "below 96th street" attitude is really coming out today. I think you need to get out of Manhattan more often. Manhattan is not the be all and end all, so get a grip.
Quote:
Originally Posted by Manhattan-ite
I much prefer to pay lots of taxes and enjoy the capital of the world than living in redneck land.
No entertainment, no shops, no delis, no museums, no skyscrapers, nothing in walking distance. What is to do? Huntin' n' fishin'? Ouch.
Is Long Island so bad that people are moving to a nondescript subdivision in the desert?
Oh, come now.
Yes, it is that bad. I'm preparing to move to a pretty rough neighborhood in the Bronx to get away from it - Nassau county is the worst place I've ever lived.
But the desert in Nevada has its joys. The light, air, and space lift the spirit. Even if you're in a subdivision, you're a short drive away from some of the most exalted country on earth.
On LI, you a short drive away from...another subdivision. And another. And another.
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Plain and simple!
